[Assistanc3]

This weeks U.S. market data includes ISM and Markit services…

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[Assistanc3]

Two-year Treasury yield is above S&P 500 dividend yield for first time since crisis.

[Assistanc3]

Asia stocks begin with firm losses as Friday’s stock market sell-off on Wall St, dampens sentiment in the region and amid a further rout in US equity futures; ASX 200 (-1.3%), Nikkei 225 (-1.8%), KOSPI (-1.4%)

[Assistanc3]

UK Markit/CIPS January services PMI 53.0 vs 54.1 exp
Eurozone Markit January services PMI final 58.0 vs 57.6 exp
Germany January final services PMI 57.3 vs 57.0 prelim
France Markit January services PMI final 59.2 vs 59.3 exp
Eurozone December retail sales m/m -1.1% vs -1.0% expected
Italy January services PMI 57.7 vs 56.0 expected
Eurozone February Sentix investor confidence 31.9 vs 33.2 expected
Spain January services PMI 56.9 vs 55.4 expected

[Assistanc3]

S&P 500 futures

Dow futures now tanking over 300 points

[Assistanc3]

Quicken Loans overtook longtime leader Wells Fargo to become the largest retail mortgage lender in Q4 with $25.1B in direct-to-consumer home loans.
Wells was still bigger than Quicken if including correspondent loans, or mortgages purchased from other lenders shortly after they were originated.

The last company to edge out Wells Fargo was Countrywide Financial in 2004.

[CautiousInvestor]

^^^ +3 and THANK YOU to our EDITOR & CHIEF for excellent insight into week ahead 8)

[CautiousInvestor]

A3 must be awake & buyin’ now 😉 8) … DOW went 355 down to 25,165 as session low & later went green … still in high volatility it’s down now about 48 points but seems to be holding

[MoneyNeverSleeps]

[quote=”Assistanc3″ post=4582]Quicken Loans overtook longtime leader Wells Fargo to become the largest retail mortgage lender in Q4 with $25.1B in direct-to-consumer home loans.
Wells was still bigger than Quicken if including correspondent loans, or mortgages purchased from other lenders shortly after they were originated.

The last company to edge out Wells Fargo was Countrywide Financial in 2004.[/quote]

Wow had no idea Quicken was so big – let alone the biggest and Countrywide that is a scary pairing

[CautiousInvestor]

[color=red][b]MINUS 400 for DOW & sinking :woohoo: …
as markets have hit an ICEBERG :ohmy:
and bears are blowing out all the bull hold points in the pits 😳 [/b][/color]

[CautiousInvestor]

KRYTPOs also tanking BITCOIN=$6950 :woohoo:

[CautiousInvestor]

[CautiousInvestor]

[color=purple][size=5][b]And BUMBLES BOUNCE as DOW cuts LOSSES in HALF
A3 & PPT & esp. computerized trading is BUYING ON DIP … DOWN from MINUS 1500 to MINUS 800[/b][/size][/color]

Near 3:00 p.m. ET, the Dow was off as many as 1,579 points, or 6.2%, while the S&P 500 was off 117 points, or 4.2% and the Nasdaq was down 257 points, or 3.5%. This slide has sent the Dow below the 25,000 milestone, which it eclipsed for the first time in early January. The blue chip index is now negative for the year after having gained 6% in just the first few weeks of the year.

[CautiousInvestor]

[size=6][color=red][b]Dow Jones 24,342.55 -1,175.41 (-4.60%)
S&P 500 2,648.92 -113.21 (-4.10%)
Nasdaq 6,967.53 -273.42 (-3.78%)[/b][/color][/size]

[Assistanc3]

S&P 500 futures are lower by 1.4%, adding to the regular session’s 4.1% tumble.
DJIA futures are down 1.8%, and Nasdaq 100 1.1%.

[Author]

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